11, FIRS CLOSE, COWES, PO31 7NF - £185,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

11 FIRS CLOSE is a very small detached house of 53m², built sometime between 1950 and 1966, which could now be worth an estimated £283,411. It was last sold for £185,000 in October 2014, which was around 30% below the average October 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2011, where the current energy rating was E, and the potential energy rating was C.

11 FIRS CLOSE Sold Prices

Land registry data shows two sales for 11 FIRS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 11 FIRS CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 15 OCT	£185,000	£265,750	30% below HPI
2006 6 APR	£180,000	£233,680	23% below HPI

11 FIRS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The two 11 FIRS CLOSE sales from April 2006 and October 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2014 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 11 FIRS CLOSE be worth now?

11 FIRS CLOSE might now be worth an estimated £283,411.

This is based on house price inflation of 53.2%, between October 2014 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 53.2% inflationary increase is applied to the most recent sale price for 11 FIRS CLOSE of £185,000 on 15th October 2014. For the value to have increased from £185,000 to £283,411 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 11 FIRS CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2014 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 11 FIRS CLOSE has not materially changed since October 2014.

How Large is 11 FIRS CLOSE?

11 FIRS CLOSE is 53m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% of detached houses houses in Cowes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cowes, and where 11 FIRS CLOSE lies on this distribution: 3% of detached houses houses are smaller than 11 FIRS CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Cowes.

11 FIRS CLOSE: Plot and Title Map

11 FIRS CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 11 FIRS CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 11 FIRS CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 11 FIRS CLOSE?

11 FIRS CLOSE is located in COWES, in the PO31 postcode district. The below map shows the position of No. 11 on FIRS CLOSE.